Roundhill T-REX 2X Long DRAM Daily Target ETF Tokenized Stock (Reality) vs Tether Gold

Tether Gold (XAUT) is 16701.7× the size of Roundhill T-REX 2X Long DRAM Daily Target ETF Tokenized Stock (Reality) (RRAM) by market capitalisation. Their daily returns move loosely together (correlation 0.44 across 25 shared trading days). RRAM has been the more volatile of the two, at 100% annualised against XAUT's 24%.

Correlation: 0.44
Size ratio: 1 : 16701.7

Roundhill T-REX 2X Long DRAM Daily Target ETF Tokenized Stock (Reality)RRAM

$6.7200

24h: -10.83%
Market cap: $199,077
Volume 24h: $114,643
Volatility (ann.): 100%

Tether GoldXAUT

$4,106.14

24h: +4.44%
Market cap: $3.32B
Volume 24h: $295.08M
Volatility (ann.): 24%

RRAM 0.0%Share of the two combined market caps100.0% XAUT

Performance

RRAMXAUT

7 days-24.16%+0.05%XAUT
30 days-6.41%-2.08%XAUT
90 days—-4.40%—

Correlation

0.44over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	RRAM	XAUT
Max drawdown (400d)	-29.7%	-19.4%
Risk-adjusted return (90d)	-0.06	-0.20

Relative strength over 90 days: XAUT outperformed RRAM by 3.6% — measured on the RRAM/XAUT ratio, so it holds regardless of market direction.

Roundhill T-REX 2X Long DRAM Daily Target ETF Tokenized Stock (Reality) →Tether Gold →